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DEADLINE ALERT for ASTS, DOCS, PERI and SHCR: the law

LOS ANGELES, May 1, 2024 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly traded companies. Investors have until the deadlines below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

AST SpaceMobile, Inc. (NASDAQ: ASTS)
Class period: November 14, 2023 – April 1, 2024
Lead plaintiff deadline: June 17, 2024

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that production of the Company’s five Block 1 BlueBird satellites had been adversely affected by two key subsystem suppliers; (2) that as a result, the Company had not substantially completed production of the Block 1 BlueBird satellites; (3) that as a result, the company’s five Block 1 BlueBird satellites were not on schedule for launch in the first quarter of 2024; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you are a SpaceMobile shareholder who suffered a loss, click here to take part.

Doximity, Inc. (NYSE: DOCUMENTS)
Class period: February 9, 2022 – April 1, 2024
Lead plaintiff deadline: June 17, 2024

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. In particular, Defendants: (1) repeatedly praised the Company’s business prospects and the sustainability of the Company’s revenue growth and profitability, while noting the impact of competitive and tightening macroeconomic conditions on the Company and its dependence on Doximity downplaying “upselling” products and services (such as additional advertising) to existing customers to support the company’s performance and future growth; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you are a Doximity shareholder who suffered a loss, click here to take part.

Perion Network Ltd. (NASDAQ: PERI)
Class period: February 9, 2021 – April 5, 2024
Lead plaintiff deadline: June 17, 2024

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Perion’s search advertising business was not a reliable and significant growth engine and was in fact in decline; (2) Perion’s long-term relationship with Microsoft and the search services agreement would not provide stability for Perion’s search advertising business; (3) there was an increased risk that Microsoft would act to unilaterally change its advertising prices and mechanisms to the detriment of Perion while the search services agreement was in effect; (4) Perion’s AI technology and Microsoft’s investment in ChatGPT would not protect or increase Perion’s search advertising revenue; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you are a Perion Network shareholder who suffered a loss, click here to take part.

ShareCare, Inc. (NASDAQ: SHCR)
Class period: May 10, 2023 – March 28, 2024
Lead plaintiff deadline: June 18, 2024

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Sharecare did not have adequate internal controls and; (2) As a result, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you are a Sharecare shareholder who has suffered a loss, click here to take part.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To join these class actions, you do not need to take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you would like to learn more about these class actions, or if you have any questions about this announcement or your rights or interests regarding these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected]or visit our website at www.frankcruzlaw.com. If you inquire by email, please include your mailing address, telephone number and the number of shares purchased.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com